Coosa Valley Electric Cooperative Inc
- Assets
- $137.8m
- Revenue
- $42.7m
- Investments
- $19.8m
- Employees
- 64
- Location
- Talladega, AL
- Founding
- 03/1944
- Data as of
- 12/2021
- EIN
- 63-0049012
Organization Overview
Coosa Valley Electric Cooperative Inc is located in Talladega, AL. The organization was established in 1944. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Coosa Valley Electric Cooperative Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coosa Valley Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Coosa Valley Electric Cooperative Inc generated $42.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $42.7m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COOSA VALLEY ELECTRIC COOPERATIVE IS A MEMBER OWNED AND OPERATED TOTAL ENERGY COOPERATIVE PROVIDING ECONOMIC AND COMMUNITY DEVELOPMENT WHILE DELIVERING HIGH QUALITY SERVICES AT COMPETITIVE RATES WITH COMPETENT AND WELL-TRAINED EMPLOYEES ADHERING TO STRONG AND ETHICAL BUSINESS PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOSA VALLEY ELECTRIC COOPERATIVE IS A MEMBER-OWNED DISTRIBUTION COOPERATIVE WHICH PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 13,942 MEMBERS LOCATED IN ALABAMA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland Fuller General Manager | Officer | 50 | $325,527 |
Ryan Hart Mgr Engineering | 50 | $156,960 | |
Aaron Pate Asst Operations Mgr | 60 | $137,355 | |
Roy Henderson Crewchief | 60 | $129,554 | |
Ray Brewer Mgr Operations | 60 | $127,931 | |
Jon Cullimore Mgr Marketing | 50 | $127,397 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tree Services Of Alabama Right Of Way Trimming/right Of Way Spray | 12/30/21 | $322,068 |
Goodgame Company Inc Remodel Construction | 12/30/21 | $2,162,892 |
Broadband Technical Resources Inc Fiber Internet Labor | 12/30/21 | $3,871,673 |
Fiberrise Communications Llc Fiber Internet Design | 12/30/21 | $2,086,477 |
Utility Design Partners Fiber Internet Design | 12/30/21 | $299,105 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,123,557 |
| Investment income | $25,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $476,352 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,681,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,801 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,184,537 |
| Compensation of current officers, directors, key employees. | $769,155 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,999,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,546,071 |
| Insurance | $0 |
| All other expenses | $1,518,664 |
| Total functional expenses | $42,681,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,216,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,452,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,132,395 |
| Inventories for sale or use | $2,654,665 |
| Prepaid expenses and deferred charges | $456,234 |
| Net Land, buildings, and equipment | $103,205,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,816,259 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829,610 |
| Total assets | $137,764,324 |
| Accounts payable and accrued expenses | $6,005,691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $77,252,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,766,849 |
| Total liabilities | $85,025,194 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $72,595 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $52,666,535 |
| Total liabilities and net assets/fund balances | $137,764,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4-County Electric Power Association Columbus, MS | $315,642,901 | $133,649,967 |
Satilla Rural Electric Membership Corp Alma, GA | $268,716,625 | $122,190,964 |
Upper Cumberland Electric Membership Corporation Carthage, TN | $208,911,918 | $121,895,944 |
Diverse Power Incorporated Lagrange, GA | $239,882,222 | $117,829,336 |
Choctawhatchee Electric Cooperative Inc Defuniak Springs, FL | $360,891,875 | $124,274,504 |
Meriwether Lewis Electric Cooperative Centerville, TN | $179,486,251 | $119,621,039 |
Northcentral Electric Cooperative Olive Branch, MS | $185,941,805 | $125,968,963 |
Tombigbee Electric Power Assn Tupelo, MS | $221,161,642 | $118,553,499 |
Southwest Tennessee Electric Membership Corp Brownsville, TN | $219,052,657 | $121,626,016 |
Blue Ridge Mountain Electric Membership Corp 101-10 Irc Young Harris, GA | $245,553,260 | $112,097,199 |
Appalachian Electric Cooperative New Market, TN | $242,163,198 | $119,028,278 |
Peace River Electric Cooperative Inc Wauchula, FL | $298,485,094 | $110,943,049 |